Global Economic News

New Zealand Has NZ$5.0 Billion Current Account Deficit

New Zealand had a seasonally adjusted current account deficit of NZ$5.0 billion in the first quarter of 2021, Statistics New Zealand said on Wednesday.

The current account deficit for the year ended March 2021 narrowed to NZ$7.2 billion (2.2 percent of GDP) from the NZ$9.1 billion deficit for the March 2020 year (2.8 percent of GDP).

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by RTTNews Staff Writer

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